CPF Property Debt Fund

Ridgeside Caboolture 2023

About Ridgeside Caboolture

Ridgeside’ is situated 8km from the Morayfield commercial and retail precinct and is a 1-hour drive from the Brisbane CBD.

The property development is currently being marketed by the Borrower as ‘Ridgeside’ and has a development approval for a rural residential development of 17 lifestyle acreage lots.

Ridgeside provides lot sizes ranging from 3,000m2 to 1.236Ha with an average sale price of $490,600.

Surrounded by existing Rural Residential estates and bordering the new Caboolture West Priority Development Area (PDA), Ridgeside offers a rural residential lifestyle in a growing precinct.

INVESTMENT DETAILS

Return: 10.00% pa – paid quarterly
LVR: 69.00%
Expected Repayment Date: July 2024

First Mortgage Security

Why Invest?

The Borrower has been known to the lending team for over 15 years and CPF has successfully lent to the Borrower on previous occasions.

As at the date of this document, the Borrower has achieved pre-sales equating to greater than $5,847,000 in potential sales revenue.

The Borrower, Heritage Pacific, is an award winning developer with a strong track record in developing high quality rural residential estates within this region.

The loan will distribute quarterly income to investors at 10.00% p.a. (nett of all fees and expenses).

Land subdivision projects are generally considered lower risk when compared to built form development projects.

As at the date of this document, significant construction works have already been completed.

There is a shortage of housing stock in Southeast Queensland.

Security is provided by a registered first mortgage.

Loan Summary

 

LOAN SUMMARY – RIDGESIDE CABOOLTURE

Loan Facility

$6,140,000


Fund Status

Open for Investment


Loan Term

Expected Repayment July 2024


Investor Distribution Yield

10.00% p.a. – paid quarterly


Minimum Investment

$50,000


Security

Registered first mortgage


Loan to Valuation Ratio ‘LVR’

The loan agreement allows for a minimum LVR of 69% exclusive of GST. 

 

Co-investment

Yes – CPF has invested into this Loan


Valuation

‘As if complete’ valuation of the Subject Property $8,935,057 exclusive of GST.


About the Property Security 

Security is provided via a registered first mortgage over land located at 730 Caboolture River Road Upper Caboolture, QLD, 4510, specifically Lot 12 on RP184092.

The property development is currently being marketed by the Borrower as ‘Ridgeside’ and has a development approval for a rural residential development of 17 lifestyle acreage lots.

Ridgeside provides lot sizes ranging from 3,000m2 to 1.236Ha with an average sale price of $490,600.


 

Application Forms & Fund Documents

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Registry Forms

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LVR: 26.00%
Expected Repayment Date: Oct 2024
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